Auropharma playing the game of double bottoms -565 & double tops-636 - He is the master player and fortunate to have such a friend.
In the last update - Auropharma - WC 2018-Goal Keeper Hugo Lloris's Ruin Point- 595
17th July 2018
How can you forget 615 - If Auro holds +/- 2-3 points upside or below 615 key level - we will look to sell for downside targets
Target 1 -605
Target 2 -599-600
Target 3 -595
Target 4 -Below 595 -look for 587-589
Edwards & Magee Trendline - Bible Book of -Technical Analysis of Stock Trends mentioned 2 points to draw the ( 527 - 565) & third point to confirm the ( 588) - Can this 3rd point fall on the & hold auro - let us wait & watch
Holding in the zone 587-589 - Can bounce to 615 & Above 615 to 625 & Above 625 to 636
17th July 2018
Started from 565 – came back to 565 – moved in most choppiest way it could have –after all that is the reality of financial markets –no price structure moves in linear fashion & hence trading becomes difficult & challenging at times but if you keep it simple –it will say “ooh la la” to you.
Let the game begin!
565 -565 - Its - 19th July 2018
Bouncing hard from 565 to 585 - 20th July 2018
Kissing 600 - Important level - 25th July 2018
What a fall -600 to 577 - 26th July 2018
Story goes on......
Reached - 635-636 -6th Aug 2018
Previous Idea - Catch Carefully 635-636
Previous Idea - How can you forget 615
Would love to hear your comments - Thanks for reading
As updated below in comment section to our colleague - selling below 615 if sustains looks probable or we sell in 617-618 zone with mental stop loss above 621
As this is the last zone if at all Auro is to fall it has to sustain below 621 - if it sustains above 621 - we are out.
We keep eye on Nifty/ BankNifty as well if the bounce is done -likely a fall should start sooner or later.
Plan your trading properly & execute with proper care.
Thanks for reading & take care
We start right at the top close to 621 as suggested some 3 hours ago
Big Red Candle in Green Market - is amazing Auro is falling & other's are jumping with joy.
What a fall from 620 to 612 levels.
Moving & Holding above 615.50 - we are out of sell call as bulls can join intraday because 615 -616 level is strong level.
Till the time 615-616 zone is above price head - we can remain bearish.
It moves above 615-616 exactly to 621.50 & turns back again who is selling at 621.50 you----me -------------weeeeeeeeeeee -Awesome!
621.50 is the level where we sell - cheers!